Gigafactory
EY was appointed joint administrator for the company that had previously planned to build the UK’s first gigafactory
The company plans to build a £3.8 billion gigafactory near Blyth in Northumberland
The company has allegedly yet not received £100m in promised government support
Britishvolt is allegedly holding emergency fundraising talks that could lead to the potential sale of the business
Orral Nadjari will pass the reins to Dr Graham Hoare, who is currently Britishvolt’s Deputy CEO and President of Global Operations
Work on Britishvolt’s EV battery factory near Blyth in Northumberland has reportedly been limited in a bid to slash spending costs
The new gigaplant in Cambois, Northumberland is to receive £100m
It has partnered with Prologis for the Hams Hall facility in Warwickshire which is expected to help the company rapidly ramp up battery cells and support the ‘smooth start-up’ of its planned gigafactory in Northumberland
More than 14,000 new jobs were created in British EV and battery sectors in the last ten years, according to a new report
The gigaplant is forecast to produce batteries for around 300,000 EVs a year